China’s hi-tech industry saw significant growth, with the use of foreign capital surging 40.9 per cent year-on-year, the Ministry of Commerce on Thursday. Photo: Thomas Yau

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Total foreign direct investment in Tianjin plunged to US$4.85 billion last year from US$10.61 billion in 2017 and US$10.1 billion in 2016, dragging down the growth rate in the port city, which had once been among the top five fastest-growing large cities in China. Illustration: Henry Wong

Total foreign direct investment in Tianjin plunged to US$4.85 billion last year from US$10.61 billion in 2017 and US$10.1 billion in 2016, dragging down the growth rate in the port city, which had once been among the top five fastest-growing large cities in China. Illustration: Henry Wong